GXO Logistics, Inc. $GXO Shares Sold by CI Investments Inc.

CI Investments Inc. trimmed its stake in shares of GXO Logistics, Inc. (NYSE:GXO) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,306 shares of the company’s stock after selling 9,587 shares during the quarter. CI Investments Inc. owned about 0.06% of GXO Logistics worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of GXO Logistics by 3,222,426.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,697,772 shares of the company’s stock worth $593,791,000 after purchasing an additional 11,697,409 shares during the last quarter. Focus Partners Wealth purchased a new position in GXO Logistics in the 4th quarter valued at $181,648,000. Victory Capital Management Inc. increased its stake in GXO Logistics by 1,168.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,191,218 shares of the company’s stock valued at $62,706,000 after buying an additional 1,097,298 shares during the period. Norges Bank purchased a new position in GXO Logistics during the 4th quarter worth $57,598,000. Finally, Milford Funds Ltd. acquired a new stake in shares of GXO Logistics in the 4th quarter worth $43,250,000. Institutional investors and hedge funds own 90.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays upgraded shares of GXO Logistics from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of GXO Logistics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Stephens started coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price objective on the stock. Morgan Stanley boosted their target price on GXO Logistics from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Truist Financial reduced their price target on GXO Logistics from $70.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and a consensus target price of $70.07.

GXO Logistics Stock Performance

Shares of GXO opened at $52.59 on Friday. The company has a 50-day simple moving average of $50.05 and a 200-day simple moving average of $54.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $6.05 billion, a PE ratio of 46.13, a P/E/G ratio of 1.79 and a beta of 1.55. GXO Logistics, Inc. has a 52-week low of $45.40 and a 52-week high of $66.85.

GXO Logistics (NYSE:GXO) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. GXO Logistics has set its FY 2026 guidance at 2.90-3.200 EPS. Equities research analysts predict that GXO Logistics, Inc. will post 3.07 earnings per share for the current fiscal year.

GXO Logistics Profile

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.